53 Cherry Dr. #53
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 11, 2013 | Sold | ||
| Sold | |||
| Sep 17, 2012 | Listed by Galanek Associates, Inc. | $279,900 | |
| Listed by Galanek Associates, Inc. | |||
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Maintenance free lifestyle at THE GARDENS in Wilbraham. The WESTWOOD unit features an open floor plan, cathedral ceiling with recessed lighting and fireplace in Living room. Large open kitchen with stainless steel appliances. Screened porch off the dining area. Two car garage. Low condo fees. Amenities includes Resort style clubhouse which includes a community room that offers monthly events, heated pool, fitness center, library, game and media room and so much more. Visit us today!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/17/2012
|
2 Bed
|
2 Bath
|
1300 ft²
|
$279,900
2 Bed
2 Bath
1300 ft²
|
$288,900
+3.22%
02/11/2013
|
Judith A. Galanek
Galanek Associates, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017